Property News · March 3, 2020

China’s hottest real estate market freezes over as February home sales plunge 80 per cent amid a dearth of transactions during coronavirus outbreak


Shenzhen, mainland China’s hottest property market last year, has seen an 80 per cent decline in home sales amid the coronavirus epidemic, Hong Kong brokerage Midland Realty said.The technology hub reported 1,667 sales of lived-in homes last month, down from 7,499 units and 10,000 units sold in January and December, respectively, the brokerage’s research unit said.The city, often referred to as “China’s Silicon Valley”, reported a boom in home sales after being earmarked by Beijing in August…

Source : South China Morning Post
Read more…China’s hottest real estate market freezes over as February home sales plunge 80 per cent amid a dearth of transactions during coronavirus outbreak

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